FKL FALKLAND ISLANDS HOLDINGS PLC ORD 10P

FALK IS. HLDGS Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	34.11	31.84	29.22	32.25	17.20
Operating Profit/(Loss)	3.17	2.54	6.07	0.29	2.01
Net Interest	0.12	0.15	0.38	0.57	0.20
Profit Before Tax	2.84	2.33	5.67	-0.63	1.91
Profit After Tax	2.26	1.62	5.26	-1.15	1.38
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	2.26	1.62	5.26	-1.15	1.38
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	2.26	1.62	5.26	-1.15	1.38

Continuing EPS
Earnings per Share - Basic	24.50p	17.70p	58.20p	-12.80p	16.30p
Earnings per Share - Diluted	24.40p	17.50p	57.50p	-12.80p	16.10p
Earnings per Share - Adjusted	26.30p	20.90p	22.00p	19.00p	17.10p
Continuing and Discontinued EPS
Earnings per Share - Basic	24.50p	17.70p	58.20p	-12.80p	16.30p
Earnings per Share - Diluted	24.40p	17.50p	57.50p	-12.80p	16.10p
Earnings per Share - Adjusted	26.30p	20.90p	22.00p	19.00p	17.10p

Dividend per Share	9.50p	9.00p	12.00p	8.00p	7.00p

Balance Sheet (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Assets
Non-Current Assets
Property, Plant & Equipment	10.01	5.77	5.71	5.22	5.83
Intangible Assets	14.17	13.11	13.51	13.91	16.34
Investment Properties	1.45	1.72	1.78	1.77	1.56
Investments	0.00	0.00	0.00	0.00	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	9.79	11.34	16.24	11.53	19.20
	36.87	33.67	39.00	34.19	44.47
Current Assets
Inventories	5.00	5.42	4.71	3.21	3.34
Trade & Other Receivables	5.62	5.81	4.54	4.58	5.49
Cash at Bank & in Hand	2.75	2.06	3.81	3.00	3.00
Current Asset Investments	0.39	0.25	0.21	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	13.76	13.54	13.26	10.80	11.83

Total Assets	50.63	47.21	52.26	44.99	56.30

Liabilities
Current Liabilities
Borrowings	-1.14	-1.06	-1.22	-2.14	-2.06
Other Current Liabilities	-9.26	-8.90	-8.90	-8.84	-9.02
	-10.40	-9.96	-10.12	-10.98	-11.09

Net Current Assets	3.36	3.58	3.14	-0.18	0.74

Non-Current Liabilities
Borrowings	-7.15	-3.10	-4.06	-5.05	-6.99
Provisions	-1.12	-1.41	-1.62	-2.05	-2.13
Other Non-Current Liabilities	-2.47	-2.13	-2.24	-2.04	-2.06
	-10.74	-6.65	-7.91	-9.14	-11.19

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-21.14	-16.61	-18.03	-20.12	-22.27

Net Assets	29.49	30.60	34.24	24.87	34.03

Capital & Reserves
Share Capital	0.93	0.92	0.91	0.91	0.91
Share Premium Account	7.87	7.62	7.32	7.21	7.21
Other Reserves	7.37	9.91	14.74	9.60	19.14
Retained Earnings	13.32	12.15	11.26	7.16	6.78
Shareholders Funds	29.49	30.60	34.24	24.87	34.03

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	29.49	30.60	34.24	24.87	34.03

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	13.94	15.55	15.68	11.32	21.49
PEG - Adjusted	0.54	-3.11	0.99	1.02	0.93
Earnings per Share Growth - Adjusted	25.84%	-5.00%	15.79%	11.11%	23.02%
Dividend Cover	2.77	2.32	1.83	2.38	2.44
Revenue Per Share	371.11p	348.37p	323.56p	357.39p	202.88p
Pre-Tax Profit per Share	30.86p	25.49p	62.77p	-6.95p	22.52p
Operating Margin	8.04%	7.25%	20.15%	-0.96%	9.25%
Return on Capital Employed	10.85%	9.84%	20.26%	-0.27%	6.83%

Continuing & Discontinued Operations
Dividend Yield	2.59%	2.77%	3.48%	3.72%	1.90%
Dividend per Share Growth	5.56%	-25.00%	50.00%	14.29%	7.69%
Net Asset Value per Share (exc. Intangibles)	164.80p	189.70p	227.86p	120.96p	195.27p
Net Gearing	18.77%	6.86%	4.27%	16.85%	17.81%

Data is provided by Morningstar

FALK IS. HLDGS - Fundamentals